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To: Softechie who wrote (169)	2/2/2003 4:42:29 PM
From: HoodBuilder	Read Replies (1) \| Respond to of 11447

Soft.. I just read a few reports on First Call about NWAC. DB has a $32 price target which is unreal. I was impressed witht heir cash position and lack of exposure to debt refinancing or fleet lease exposure. I've never been a big fan of airline stocks as other than Herb nobody has figured out how not to go 13 every so often. I guess if you have to own one NWAC is as good as any from a valuation perspective. I mean there aren't too many stocks trading at 1/10 of sales and 4x cash!